A magnetic recording medium is provided with a first magnetic layer, a nonmagnetic coupling layer provided on the first magnetic layer, and a second magnetic layer provided on the nonmagnetic coupling layer. The first and second magnetic layers are exchange-coupled, and have magnetization directions which are mutually parallel in a state where no external magnetic field is applied thereto, and the first magnetic layer switches the magnetization direction thereof before the second magnetic layer in response to a recording magnetic field which switches the magnetization directions of the first and second magnetic layers.